Ferguson PLC Announces Transaction in Own Shares

Rhea-AI Summary

Ferguson plc has announced the repurchase of 17,396 ordinary shares at a price of £116.287100 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. The transaction took place on November 11, 2021, with Barclays Capital Securities Limited acting as the broker. Following this purchase, Ferguson holds a total of 10,755,450 shares in treasury. The total number of ordinary shares in issue will now be 221,415,732, which shareholders can use for interest notification calculations under the Disclosure and Transparency Rules.

Positive

• Successful execution of a share repurchase program worth $1,000 million.
• Acquisition of shares at a notable price, reflecting confidence in share value.

Negative

• None.

WOKINGHAM, UK / ACCESSWIRE / November 12, 2021 / Ferguson plc (the "Company") announces that on November 11, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021.

Description of shares: Ferguson plc - ordinary shares of 10 pence

Number of shares repurchased: 17,396

Date of transaction: November 11, 2021

Price paid per share: £116.287100

Broker: Barclays Capital Securities Limited

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, the Company holds 10,755,450 Shares in Treasury.

Following the purchase of these shares, the remaining number of ordinary shares in issue will be 221,415,732.

The figure of 221,415,732 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) ACT 2018, detailed information about the individual purchases is attached to this announcement.

http://www.rns-pdf.londonstockexchange.com/rns/1562S_1-2021-11-11.pdf

For further information, please contact:

Ferguson plc

Bill Brundage, Chief Financial Officer	+1 757 223 6092
Brian Lantz, Vice President IR and Communications	+1 224 285 2410

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Ferguson PLC

View source version on accesswire.com:
https://www.accesswire.com/672467/Ferguson-PLC-Announces-Transaction-in-Own-Shares

FAQ

What was the recent share repurchase amount for Ferguson plc?

Ferguson plc repurchased 17,396 ordinary shares for a total price of £116.287100 each.

When did Ferguson plc execute its share repurchase?

The share repurchase occurred on November 11, 2021.

Who was the broker for Ferguson plc's share buyback?

The broker for the share buyback was Barclays Capital Securities Limited.

How many shares does Ferguson plc currently hold in treasury?

Ferguson plc currently holds 10,755,450 shares in treasury.

What is the total number of ordinary shares in issue after the repurchase by Ferguson plc?

After the repurchase, the total number of ordinary shares in issue is 221,415,732.